7350 US Hwy 50, Lamar, CO 81052
7350 US Hwy 50, Lamar, CO 81052
7350 US Hwy 50, Lamar, CO 81052
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$990,000
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2,412 SqFt
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7350 US Hwy 50 Lamar, CO 81052

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Michele Vargo

Michele Vargo

+1(720) 955-8800

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,412 sqft

Price per Sqft $410

Subdivision Lamar

MLS Listing ID 243143

Year Built 1948

Annual Tax Amount $675

Lot Size 12.240 Acres

Property Sub-Type Commercial

Property Description

A unique commercial property with a history, a highly visible location, and endless possibilities! Formerly a well-known radio station serving Southeastern Colorado and beyond, this recognizable property is situated along Highway 50, just north of Lamar, on a curve that provides excellent visibility and approximately 1,700 feet of highway frontage. The property features the original radio station building, the HUGE existing radio tower, and an established billboard lease that provides current rental income. That's right — this property already has an income-producing component while you explore its future potential! On July 23, 2022, the property sustained significant storm damage when a powerful microburst tore approximately half of the building's roof away. The building has undergone asbestos remediation and removal, an important step toward its future restoration and redevelopment. While additional repairs and restoration will be needed, the building has good bones and offers an opportunity for someone with vision to bring this landmark property back to life. The property's prime highway location, extensive frontage, and flexible layout make it suitable for a variety of potential uses. Whether you're considering a commercial business, retail operation, office space, service business, storage facility, or another creative venture, this property offers a chance to create something special. Bring your ideas and explore the possibilities with this great investment!

Location

State CO

County Prowers

Area Arkansas Valley

Zoning C-2

Interior

Heating Propane, Electric, Forced Air

Cooling Central Air

Inclusions Building & Land

Equipment Generator

Exterior

Parking Features Paved

View Y/N No

Roof Type Flat

Private Pool No

Building

Lot Description Corner Lot

Story One

Foundation Basement

Sewer Septic Tank

Water Rural Water District

Level or Stories One

Schools

School District Re- 2 And Re- 13-Jt

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Paula Wright eXp Realty, LLC

NEARBY SCHOOL & BUSINESS

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Michele Vargo

Michele Vargo

Broker Associate License ID: IA.040029244

+1(720) 955-8800

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7350 US Hwy 50

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